Annual Financial Audit. The School will annually obtain a financial audit, from a licensed Certified Public Accountant or Auditor, selected pursuant to section 218.391, Florida Statutes. The audit will be performed in accordance with Generally Accepted Auditing Standards; Governing Standards and the Rules of the Auditor General for the State of Florida. The School will provide a copy of its annual financial audit (including any School responses to audit findings) to the Sponsor no later than September 30. The Sponsor reserves the right to perform additional audits and investigations at its expense as part of the Sponsor's financial monitoring responsibilities as it deems necessary to ensure fiscal accountability and sound financial management.
Annual Financial Audit. The Academy shall commission an annual financial audit to be conducted by an independent auditor selected and retained by the Academy Board.
Annual Financial Audit. The Academy shall conduct an annual financial audit prepared and reviewed by an independent certified public accountant in accordance with generally accepted governmental auditing principles. The Academy shall submit the annual financial statement audit and auditor’s management letter to the Charter Schools Office in accordance with the MCRR. The Academy Board shall provide to the Charter Schools Office a copy of any responses to the auditor’s management letter in accordance with the MCRR.
Annual Financial Audit. Audit and Inspection of Plants and Places of Business; and Records.
Annual Financial Audit. At the School’s sole expense, an annual audit of the School shall be conducted by a qualified, independent certified public accountant licensed to practice public accounting in the State of Florida and selected pursuant to the provisions and through the process of Section 218.391, Florida Statutes, and approved by the School’s governing board, which approval shall not be unreasonably withheld, and shall be paid for by the School. The annual audits shall be performed in accordance with Generally Accepted Auditing Standards; Government Auditing Standards, issued by the Comptroller General of the United States; and the Rules of the Auditor General, State of Florida. The annual audit shall be conducted in a manner similar to that required of the Sponsor’s school district by Section 218.39, Florida Statutes, in compliance with federal, state and school district regulations showing all revenues received from all sources and all direct expenditures for services rendered and shall be provided to the Sponsor by no later than September 30 of each year of the term of this Charter. The School’s independently audited financial statements shall be included in this annual audit report. The annual audit reports shall be a complete presentation in accordance with generally accepted accounting principles including Management, Discussion and Analysis (MD&A). MD&A may be omitted from the audit with the consent of the Sponsor. The School shall ensure that the annual audit reports are in compliance with Chapters 10.800 and 10.850, Rules of the Auditor General, as applicable. The independent financial auditor shall report on the expenditure of the categorical funds. The School must comply with all provisions related to the submission of its audit report to the Auditor General including the response/rebuttal and corrective actions.
Annual Financial Audit. The Charter School’s governing board will annually appoint an external fiscal auditor, subject to the approval of the District. Said external fiscal auditor must be listed on the State Controller’s Office website as approved to conduct such audits. The audit shall include, but not be limited to:
(1) An audit of the accuracy of the Charter School’s financial statements;
(2) An audit of the Charter School’s attendance accounting and revenue claims practices; and
(3) An audit of the Charter School’s internal control practices. The Charter School shall complete its audit within ninety (90) days of the close of the fiscal year. A copy of the audit report shall be submitted to the District within thirty (30) days of completion, and no later than December 15 of the fiscal year following the fiscal year for which the audit was performed. The Charter School agrees to implement all audit recommendations to the District’s satisfaction, unless other terms are agreed to between the District and the Charter School.
Annual Financial Audit i) The School will comply with all state laws related to the disclosure of financial records. The School agrees to incur the expense of obtaining an annual financial audit by an independent certified public accountant.
ii) The School shall provide the Sponsor with six (6) copies of the audit and the School’s responses to the findings, which shall be bound together in one complete report, within two (2) months after the end of its fiscal year. In addition, two (2) copies of the audit report must be submitted to the Auditor General within forty-five (45) days after delivery of the audit report to the School’s governing body.
iii) The School must comply with all provisions related to the submission of its audited financial report, including the response/rebuttal and corrective actions, to the Sponsor, Auditor General, and with the Department of Education.
iv) The Sponsor has the right to review and audit, upon request, all financial records of the School to ensure fiscal accountability and sound financial management pursuant to §1002.33(9)(g), F.S. The School will provide to the Sponsor a written statement of explanation or rebuttal concerning the
v) No later than April 30 of each year, the School shall formally notify the Sponsor in writing the name, address and phone number of the auditor engaged to perform the year-end audit and documentation of the auditor’s current peer review.
Annual Financial Audit. Following each school year of operation, the School shall obtain and pay for an annual financial audit of its accounts and records through June 30 of that year, pursuant to Section 218.39, Florida Statutes. The audit shall be conducted by an independent certified public accountant, selected pursuant to Section 218.391, Florida Statutes. The School shall provide the Sponsor with a copy of such an audit, as well as any responses to the auditor’s findings by September 20th of each year. The audit must be conducted in accordance with the rules of the Auditor General adopted pursuant to Section 11.45, Florida Statutes. The Sponsor reserves the right to perform additional audits as part of the Sponsor’s financial monitoring responsibilities as it deems necessary.
Annual Financial Audit. The Contractor shall submit a copy of the annual financial audit report to the Department.
Annual Financial Audit. On the effective date of this Agreement or thereafter, the Company shall provide CRES Provider with a letter, from an appropriate financial institution or the Company’s independent public accountant, that shall verify the need for the requirements set forth in Exhibit C to allow the Company to purchase and process CRES Provider’s receivables. Thereafter, in connection with CRES Provider’s annual independent financial audit, CRES Provider shall instruct its independent public accounting firm to audit the accounts receivable records maintained by CRES Provider in accordance with the audit outline set forth in Exhibit C hereto and to furnish the results of such audit to Company's independent public accountant. The CRES Provider shall pay for such audit and any incremental cost that may arise from the preparation of the materials required by this Agreement associated with such audit. The Company agrees to execute and deliver a confidentiality agreement in form and substance reasonably satisfactory to the CRES Provider and Company with respect to the information supplied by the Company’s independent public accountants and agrees (a) to use such information only in connection with the purchase and process of CRES Provider’s Receivables and (b) to not deliver or transmit such information to any third party unless such third party shall have executed and delivered a confidentiality agreement with the CRES Provider and only as part of the purchase and process of CRES Provider’s Receivables unless the Company is ordered to transmit such information pursuant to a Court or Administrative Agency of competent jurisdiction. If a Court or Administrative Agency orders such disclosure by the Company, the Company shall use commercially reasonable efforts to provide Seller with notice.
